Merchant services

Ally Financial names Michael Rhodes as CEO

Retrieved on:

Wednesday, March 27, 2024

Bank of America, Discover Card, Merchant services, Toronto-Dominion Bank, Telephone, University, Trustee, Duke University, Bank, Artificial intelligence, MBNA, Do It Right, Ally Financial, Head, Shared services, Discover Financial, Espresso, Engineering, Management

CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024. He will also be appointed as a member of Ally's board of directors at that time.

Key Points:

With more than two decades of experience in consumer banking, Rhodes poised to lead Ally into the next stage of its evolution
CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024.
"After an exhaustive search process, the Board has chosen Michael to lead Ally into the next stage of its evolution.
Rhodes most recently served as CEO of Discover Financial Services and was a member of the company's board of directors.
Doug Timmerman, Ally's President of Dealer Financial Services, has been serving as interim CEO since Brown's departure.

Payoneer Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Wednesday, February 28, 2024

The updated methodology has no impact on revenue and had, for all periods presented, less than a 3% impact on volume.

Key Points:

The updated methodology has no impact on revenue and had, for all periods presented, less than a 3% impact on volume.
The update has been applied to all periods reflected in the table above and we have updated the definition of volume accordingly (please see “Financial Information; Non-GAAP Financial Measures” below).
“We made meaningful progress in 2023 to expand access for small and medium-sized businesses (SMBs) to the digital, global economy.
Payoneer is helping SMBs in over 190 countries and territories sell globally across multiple channels and consolidate their accounts receivable (AR) into their Payoneer Accounts.

RevSpring and SalesVu Now Provide One Unified Digital Platform for Accepting, Processing and Reconciling Patient and Non-Patient POS Payments

Retrieved on:

Thursday, February 22, 2024

Merchant services, E-commerce, Sale, POS, Partnership, Health insurance

NASHVILLE, Tenn., Feb. 22, 2024 /PRNewswire-PRWeb/ -- RevSpring, the leading provider of healthcare engagement and payment solutions, and SalesVu, a cloud-based business management and Point-of-Sale (POS) solution provider, today announced a new collaboration that combines RevSpring Merchant Services and patient billing with SalesVu's instore POS and eCommerce solution. The result is a single, unified platform for accepting, processing and reconciling payments for both patient billing and non-patient purchases in hospital gift shops, cafeterias, and other points of sale within healthcare organizations. This eliminates data silos between patient and non-patient revenue management by expanding the view of all payments within an organization. It also reduces the complexity of managing multiple processing relationships and reduces transaction fees.

Key Points:

The result is a single, unified platform for accepting, processing and reconciling payments for both patient billing and non-patient purchases in hospital gift shops, cafeterias, and other points of sale within healthcare organizations.
This eliminates data silos between patient and non-patient revenue management by expanding the view of all payments within an organization.
"SalesVu clients no longer have to struggle to reconcile their patient and non-patient revenue management.
Instead, all patient payments and non-patient revenue is tracked from the time of the transaction through settlement and funding.

ETA Announces Agenda and Speakers for TRANSACT 2024

Retrieved on:

Monday, February 12, 2024

WASHINGTON, Feb. 12, 2024 /PRNewswire/ -- The Electronic Transactions Association (ETA) will bring the global payments community together at TRANSACT, the industry's largest event, from April 17-19 in Las Vegas.

Key Points:

WASHINGTON, Feb. 12, 2024 /PRNewswire/ -- The Electronic Transactions Association (ETA) will bring the global payments community together at TRANSACT , the industry's largest event, from April 17-19 in Las Vegas.
"TRANSACT is truly the heart of the payments industry," said Jodie Kelley, CEO of ETA.
With more than 1,000 companies from around the world in attendance, TRANSACT celebrates the best of our industry.
ETA is also proud to host several events during TRANSACT that promote community and business building.

Triterras Announces Collaboration with Card Cutters

Retrieved on:

Tuesday, January 30, 2024

POS, Merchant services, Sale, Small business, Card, Cryptocurrency

DUBAI, United Arab Emirates, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Triterras, Inc. (“Triterras” or the “Company”) a leading fintech company focused on trade and trade finance, today announced a collaboration agreement with Card Cutters Computer Equipment & Requisites Trading LLC (“Card Cutters”).

Key Points:

DUBAI, United Arab Emirates, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Triterras, Inc. (“Triterras” or the “Company”) a leading fintech company focused on trade and trade finance, today announced a collaboration agreement with Card Cutters Computer Equipment & Requisites Trading LLC (“Card Cutters”).
Under the terms of the agreement, Triterras will directly promote its working capital lending solutions to Card Cutters’ clients in the UAE.
Based in Dubai and Abu Dhabi, Card Cutters UAE provides their client base with POS terminals, credit card machines and web-based payment gateways.
“We are delighted to announce this collaboration with Card Cutters.

FFB Bancorp Earns $7.57 million, or $2.38 per Diluted Share, for Fourth Quarter 2023; Earns $33.56 million, or $10.56 per Diluted Share, for Full Year 2023

Retrieved on:

Wednesday, January 24, 2024

DSCR, FFB, ISO, C&I, Partnership, CRE, Merchant services, Government, Treasury, USDA, Sale, Investment, SBA, Marketing

There was a loss on sale of investments of $1.11 million during the fourth quarter of 2023, compared to a loss of $305,000 during the fourth quarter 2022, and no loss in the linked quarter.

Key Points:

There was a loss on sale of investments of $1.11 million during the fourth quarter of 2023, compared to a loss of $305,000 during the fourth quarter 2022, and no loss in the linked quarter.
During the fourth quarter, we sold $20.17 million in non-agency securities and reinvested the proceeds into higher-yielding agency-backed securities.
Non-interest expense increased 41% to $11.05 million for the fourth quarter of 2023, compared to $7.85 million for the fourth quarter 2022, and increased 11% from $9.97 million for the linked quarter.
Merchant operating expense totaled $1.85 million for the fourth quarter of 2023, compared to $1.02 million for the fourth quarter of 2022 and $1.79 million for the preceding quarter.

Mr. Cooper Group Appoints Mike Weinbach as President

Retrieved on:

Tuesday, January 9, 2024

Residential Building & Real Estate, Construction & Property, Professional Services, Finance, JPMorgan Chase, Credit, COOP, Multimedia, Weinbach, Merchant services, Growth, Retail banking, Vice, Credit card, Wells Fargo, Management

Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company’s operations, including Originations, Servicing and Technology.

Key Points:

Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company’s operations, including Originations, Servicing and Technology.
This press release features multimedia.
View the full release here: https://www.businesswire.com/news/home/20240109408504/en/
With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking.
“I am delighted to welcome Mike to Mr. Cooper Group.

BofA Launches CashPro® Insights - Latest Digital Innovation for Treasury Management

Retrieved on:

Tuesday, January 9, 2024

GTS, Bank, Merchant services, Treasury, Bank of America, Cryptocurrency

NEW YORK, Jan. 9, 2024 /PRNewswire/ -- Bank of America today announced the launch of CashPro Insights, a digital tool that analyzes information flowing through the CashPro platform. Through data-driven intelligence, clients are presented with insights that empower them to make more informed treasury decisions and drive cost savings and efficiencies.

Key Points:

Through data-driven intelligence, clients are presented with insights that empower them to make more informed treasury decisions and drive cost savings and efficiencies.
CashPro Insights is the latest development of the CashPro Data Intelligence product suite, complementing CashPro Forecasting and CashPro Search .
"In treasury and cash management, data continues to be an untapped resource that has the potential to reveal trends, weaknesses or opportunities.
One of the first features of CashPro Insights, which is available through the CashPro App, is the Security Insight.

Brian Hamilton Joins Coastal Financial Corporation Board of Directors

Retrieved on:

Thursday, January 4, 2024

Open Platform, Merchant services, Capital One, CCB, Wells Fargo, ONE, Community Bank, Walmart, Oregon State University

EVERETT, Wash., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Brian Hamilton has joined its Board of Directors.

Key Points:

EVERETT, Wash., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Brian Hamilton has joined its Board of Directors.
Mr. Hamilton is a seasoned financial technology executive and business leader, with more than 25 years of experience in the banking, lending, payments, and digital product development industries.
Most recently Mr. Hamilton was co-founder and CEO of ONE (One Finance Inc.), which was acquired by a Walmart-led joint venture in 2022.
“Brian will play a crucial role in guiding Coastal through the evolving landscape of rapid technological advancements in the financial services industry,” said Eric Sprink, CEO.

Alipay+ and Partner E-Wallets Drive Sustainable Travel in Year-End Global Campaign

Retrieved on:

Thursday, December 14, 2023

Ant International is committed to promoting sustainable and responsible tourism across its Alipay+ markets, with an ESG program closely aligned with the UN Sustainable Development Goals (SDGs).

Key Points:

Ant International is committed to promoting sustainable and responsible tourism across its Alipay+ markets, with an ESG program closely aligned with the UN Sustainable Development Goals (SDGs).
The campaign features special offers from Alipay+ and partners to encourage sustainable travel behavior, such as free overseas mobile data packages, in-app discounts across Alipay+’s extensive merchant network, and opportunities to win 100% rebates at partner stores.
Dr Cherry Huang, General Manager of Alipay+ Offline Merchant Services, Ant International said, “Our year-end campaign is not just about travel; it’s about making a positive impact.
Touch ’n Go eWallet cross-border payments in the Chinese mainland have grown by more than 100% month-on-month in 2023.